COMMODITIES BOOM, BIDENFLATION IS BACK ON TRACK!!! (USA – GET READY FOR $4.50+/GAL REG GAS, $6 BREAD.) In ongoing attempt to impose counter-blockade on Russia, a Ukrainian-assembled, British-origin, explosives-laden sea drone struck and crippled the Turkey-bound “Sig”, a Russian-flagged chemical tanker, just south of the Kerch Straits. With end of safe commerce to/from port of Novorosiisk as the goal, Brit/Ukr sea drones threaten imminent takedown of 2% of world oil supply (not exports, total SUPPLY), at least 15% of global wheat exports, as well as world’s #1 fertilizer shipping hub. Monday’s futures markets should be interesting.
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